Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the add-on acquisitions of Bridgeport and Newman Whitney by TJM Capital Partners’ portfolio company InCompass.
InCompass designs and manufactures a broad variety of machine tools, abrasive grinding, and precision finishing machines and parts for wood, metal, and a variety of other end markets.
Bridgeport is a producer of milling, drilling, and boring machines that are used in the precision manufacturing process, designing the most popular American mill of all time, while Newman is a brand in the lumber millwork industry, designing and manufacturing machinery such as planers, grinders, and trimmers.
The acquisitions of Bridgeport and Newman will allow InCompass to serve as a group of globally renowned brands, including Timesavers, Bridgeport, Newman Whitney, Mollart, and Bourn & Koch, with industry-leading expertise for customers across diversified end markets.
Since inception, Monroe Capital has completed transactions totaling over $5.6bn for founder-led businesses.
